Gold edged up on Tuesday as bargain hunters moved in after prices touched their lowest in 10 months the session before.

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* Spot gold was up 0.2 % at $1,172.92 an ounce by 0100 GMT. The yellow metal touched $1,157 an ounce on Monday, its lowest since Feb. 5.

* U.S. gold futures , which also touched a 10-month low in the prior session, shed 0.2 % to $1,174.40 per ounce.

* U.S. services sector activity hit a one-year high in November, with a surge in produc production-boosting, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week.

* Fed officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects.

* Holdings of the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund fell 0.04 percent to 869.90 tonnes on Monday